NEW YORK, October 14, 2009 - 'Bruce Wasserstein, Chairman and CEO of Lazard Ltd (NYSE: LAZ), has passed away at the age of 61. Mr. Wasserstein had been hospitalized in serious condition for an irregular heartbeat. The exact cause of death has not yet been determined.
HSBC executive Neil Ellerbeck has been convicted of the manslaughter of his wife, Kate, who died following an argument last November. The couple's marriage is said to have been under severe strain for some time.
The Financial Times reports that a report to be published Wednesday is expected to reveal that AIG's financial products unit paid $243m in retention bonuses last March not only to employees who were deemed key to the firm's future success / survival, but were shared out among support staff as well.
Bank of America has caved in and confirmed that it will reveal full details of the legal advice it received as its acquisition of Merrill Lynch last year edged towards completion.
The Financial Times reports that RBS Coutts, the international private banking arm of Royal Bank of Scotland, has suffered 'massive resignation(s)' at its Singapore office.
Cinnamon Kitchen and Wooden Spoon host a celebrity rugby event to find the best chef.
So, Citi has deflected the criticism of US lawmakers and taxpayers by getting rid of its highly-profitable commodities trading unit Phibro (and its $100m trader Andrew Hall).
Bloomberg reports that fate may have played a big part in Sallie Krawcheck ending up as head of Bank of America's wealth management unit (and a longshot as successor to firm CEO Ken Lewis).
Here's something that we picked up from Dealbreaker. It's about mom and pop and apple pie. Oh shucks.
Here's Thomson Reuters Top 20 Mid-Market M&A League table for the period 01/01/2009 - 30/09/2009.
Here's the top 10 most memorable business quotes.
Bill Rubin, BlackRock's senior investment analyst responsible for picking financial-company stocks, didn’t mince words a year ago when he e-mailed JPMorgan Chase right after the bank disclosed a trading loss that ultimately cost more than $6.2bn.
Former Enron CEO Jeffrey Skilling would be out of prison as early as 2017-more than 10 years early-under a proposed sentencing agreement submitted Wednesday to a federal judge in Houston, CNBC has learned.